New York Times business news - July 22
July 22 (Reuters) -The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- Investors are assessing how President Biden's decision to drop out of the race will impact markets, as S&P 500 futures rose slightly in late Sunday trading after a tough week for U.S. stocks.
- Despite a three-decade slump in sports car sales, General Motors' GM.N Chevrolet Corvette has roared back in popularity, but now faces a new challenge – electrifying its lineup while most buyers remain loyal to gas.
- LVMHLVMH.PA, the French luxury giant sponsoring this summer's Paris Olympics with a hefty 150 million euros ($163.37 million)investment, is set to be the most visible brand at the Games, going beyond mere sponsorship and infusing its products throughout the event.
- Powerful leaders of the Democratic establishment quickly embraced Vice President Kamala Harris on Sunday after President Biden's shocking exit from the race, hoping that a seamless succession could end a month of damaging chaos and transform a contest widely believed to be tipping toward Republicans.
($1 = 0.9182 euros)
(Compiled by Bengaluru newsroom)
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